DOMINION ITEMS

Greymouth Evening Star, 2 February 1926, Page 5

DOMINION ITEMS

(Per Press Association.)

FIN A NCI AL O UTLOOK. WELLINGTON, February 2

Sir H. Beauchamp, in an address to the Financial Coy., expressed the opinion that money in New Zealand is going to be both scarce and dear, basing his belief on the recent indications in London and New York, and the failure of two Australian loans. He estimates that the drop in produce prices means a loss to the Dominion of. 12 millions and margin between exports and irnports will be very narrow. The meat freezing industry, he reckons, is in a particularly perilous condition.

WELLING TON EXHIBITION. WELLINGTON, February 2. The delegates sent by the Wellington Winter Show Association to Dim•edin report in high terms on the Exhibition and recommends the holding of another International Exhibition m Wellington in a. few years’ time. They suggested a site in the sandhills in Lyall Bay, where the city owns about 130 acres and recommended that the date should be about a year after the exhibition which is spoken of in Sydney in five or six years’ time. Three hundred thousand pounds wa. s mentioned as the sum required. The delegates favoured engaging Mr Hainsworth, the Dunedin manager, to report periodically on the new developments in jthe Exhibition; also the formation of a New Band under a first-class conductor from Home. I The report met general appro.yal and was adopted. ' "L